Annual Market Share of Domestic Films to Hit 60%

The average annual market share of domestic movies will likely surpass 60 percent this year.

Theater chain CJ CGV said Monday that domestic films commanded an average market share of 62 percent for the first ten months. The chain projected that the average for the year would easily top 60 percent even if the remaining two months falter.

It would set a new high for the Korean film industry. As recently as 1998, domestic productions accounted for a mere 21 percent of the market.

K-pop Showcase Held in Shanghai2006/11/06 (Source)A showcase of Korean pop music entitled "Feel the K-POP in Shanghai" was held in Shanghai, China on November 4. The event was organized by the Ministry of Culture, Tourism and the Korea Culture & Content Agency, various Chinese entertainment companies and the Korean entertainment agency Orange Shock,...More

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